Monday, October 16, 2006

Housing works

so i decided to check out some housing employment stats. i just eyeballed the govt jobs report and tallied up jobs which i thought to be directly housing related (#'s are in 1000's. I find that 7.1mm jobs are housing related - and thats directly. That is about 5.3% of employment. Obviously in a housing tank not everyone will lose their job but i figured that might be offset by other jobs like deli workers, pavers, landscapers etc. Say its 15% layoffs...thats still a lot of jobs.